Embark Technology, Inc.
EMBKW
NASDAQ Global Market0.01
USD
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Embark Technology, Inc.
EMBKW
(NASDAQ Global Market)
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yld
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ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Embark Technology, Inc. (EMBK) develops self-driving software solutions for the trucking industry in the United States; its core products include Embark Driver, an autonomous trucking software that pilots carrier-owned trucks between highway-adjacent transfer points; Embark Universal Interface, an interoperable self-driving stack compatible across truck original equipment manufacturer platforms; and Embark Guardian, a cloud-based fleet management solution offering carriers remote monitoring, over-the-air updates, vehicle assistance, dispatching, and real-time data on weather and construction. The company, founded in 2016 and headquartered in San Francisco, California, focuses on improving safety, efficiency, and sustainability in long-haul freight transport through partnerships with major shippers and carriers such as Knight-Swift Transportation, Werner Enterprises, and HP Inc., primarily operating in key U.S. markets including Texas, Arizona, California, Georgia, and Florida. In August 2023, Embark was acquired by Applied Intuition, Inc. in an all-cash transaction valued at approximately $71 million, after which it ceased public trading on NASDAQ, retired its test vehicle fleet, and integrated its software assets, data, and tools into Applied's autonomous vehicle development platform, with key personnel retained to support trucking and automotive customer offerings.